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Gold rose to a weekly close in green

2019-04-12 09:54 am | Resource: NEWS | No Views : 149

 Gold rose to a weekly close in green

Gold prices rose after hitting their lowest level since April 1, taking advantage of the dollar's slide against major currencies,

The decline in the dollar represents an opportunity for the precious metal, which is preparing for a weekly closing in green, to rise, while trading in shares was mixed ahead of the start of the US corporate earnings season.

Wall Street futures rise amid trade concerns between the United States and the European Union

Stocks in the US were in the green zone on Friday during pre-market trading on Wall Street as investors prepared to start the corporate earnings season. Before the opening bell, market observers will analyze quarterly reports JPMorgan and Wells Fargo.

At the same time, on the trade front, with the end of negotiations between Beijing and Washington, European leaders are preparing for a new phase of US-EU trade talks. Yesterday, member states reached an "agreement in principle" to launch formal trade talks between the bloc and the United States.

The precious metal fell on Thursday after four sessions of gains, its lowest level since April 1, after official data showed the US producer price index rose 0.3% in March, compared with expectations of 0.2%.

Trading futures contracts for major indexes in the United States
  • The Dow Jones industrial average rose 0.40% during the pre-market trade at 11:27 CET.
  • The Nasdaq 100 rose 0.28% at 4:28 am CET.
  • While the S & P 500 rose 0.27% at the same time.

This coincided with the dollar index falling 0.15% to 97.02 points, and the decline of the US currency is usually easing the pressure on commodity prices. The euro rose 0.40% against the dollar, to go at 1.1298 at 10:30 am.

Precious metals trading
  • In terms of trading, precious metal futures rose 0.25% to $ 1296.70 an ounce.
  • Spot delivery rose 0.10% to $ 1293.51 an ounce at 9:57 am.

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Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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